Economics Practice Questions Set 6

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For India's Top Government Exams

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The Government of India and Reserve Bank of India have decided to introduce 1 billion pieces of ₹ 10 notes in polymer/plastic on a field trial basis.
Which of the following is/ are the objectives behind this move?

1. Increase of the lifetime of the notes.
2. Combating counterfeiting.
3. Reducing the cost of minting of currency.
Select the correct answer using the codes given below

1 point

1 and 2

Only 2

Only 3

All of the above

Classification of an enterprise into the public or private sector is based on
*

1 point

number of employees in the enterprise

ownership of assets of the enterprise

employment conditions for workers in the enterprise

nature of products manufactured by the enterprise

Which bank is limited to the needs of agriculture and rural finance?
*

1 point

SBI

NABARD

IFC

RBI

The share of food in total consumption expenditure has been coming down as Per Capita Income grew overtime in the last sixty years because
*

1 point

people have been purchasing less food

people have been preferring non-cereal items in their food basket

growth in food expenditure has been lower than growth in per capita income

percentage of the poor in the population has increased over time

Which of the following statements about India’s unorganized sector are true?

1. Labour is more in number than that in the organized sector.
2. Job security and work regulation are better in the unorganized sector.
3. They are usually not organized into trade unions.
4. Workers are usually employed for a limited number of days.
Select the correct answer using the code given below

1 point

1, 2 and 4

1, 3 and 4

3 and 4

1 and 3

The effect of a government surplus upon the equilibrium level of NNP [Net National Product] is substantially the same as ___ *

1 point

an increase in investment

an increase in consumption

an increase in saving

a decrease in saving

Corporation tax is imposed by
*

1 point

State Government

Central Government

Local Government

State as well as Central Government

The production function of a firm will change whenever *

1 point

input price changes

the firm employs more of any input

the firm increases its level of output

the relevant technology changes

The value of money varies
*

1 point

directly with the interest rate

directly with the price level

directly with the volume of employment

inversely with the price level

In India, mergers and acquisitions of firms are regulated by
*

1 point

National Manufacturing Competitiveness Council

Competition Commission of India

Security and Exchange Board of India

Department of Industrial Policy and Promotion

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